Government engineering solutions provider Amentum Holdings (NYSE: AMTM) will be reporting earnings this Monday afternoon. Here’s what you need to know.
Amentum met analysts’ revenue expectations last quarter, reporting revenues of $3.48 billion, flat year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates.
Is Amentum a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Amentum’s revenue to be flat year on year, slowing from the 2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Amentum rarely misses Wall Street’s revenue estimates.
Looking at Amentum’s peers in the government & technical consulting segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Booz Allen Hamilton’s revenues decreased 4.2% year on year, missing analysts’ expectations by 0.5%, and ICF International reported flat revenue, falling short of estimates by 0.7%. Booz Allen Hamilton traded up 8.8% following the results while ICF International was also up 10.9%.
Read our full analysis of Booz Allen Hamilton’s results here and ICF International’s results here.
There has been positive sentiment among investors in the government & technical consulting segment, with share prices up 7.9% on average over the last month. Amentum is up 19.6% during the same time and is heading into earnings with an average analyst price target of $31.75 (compared to the current share price of $25.13).
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